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Press ReleaseEligibility criteria for MSME business loan
Posted on Friday, September 1st, 2023 |
As Micro, Small, and Medium Enterprises (MSMEs) continue to play a vital role in the economic growth of a nation, providing them with the right financial support is crucial. MSME loans have emerged as a lifeline for these businesses, enabling them to expand operations, invest in technology, and boost productivity. To avail these loans, it…
Read moreHow to Create a Business Plan for MSME Loan in India?
Posted on Tuesday, August 22nd, 2023 |
Micro, Small and Medium Enterprises (MSMEs) are the backbone of India’s economy, driving innovation, generating employment, and contributing significantly to the nation’s GDP. To fuel their growth and expansion, businesses often require financial support in the form of a MSME loan. However, before securing an MSME loan, a comprehensive and well-structured business plan is essential….
Read moreA Guide to Obtaining an MSME Working Capital Loan in India
Posted on Tuesday, August 22nd, 2023 |
Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in India’s economic growth. However, sustaining and expanding these businesses often requires a consistent flow of funds. That’s where a working capital loan comes into play, serving as a financial lifeline to keep operations running smoothly. In this guide, we’ll walk you through the process…
Read moreHow do business loans work for SMEs?
Posted on Thursday, July 13th, 2023 |
Small and Medium Enterprises (SMEs) play a vital role in driving economic growth and innovation. However, like any other business, SMEs often face financial challenges that can hinder their expansion and growth plans. In such situations, a well-structured business loan can serve as a lifeline, offering the much-needed capital to fuel business growth. In this…
Read moreMSME: What is Pradhan Mantri MUDRA Yojana (PMMY) Scheme
Posted on Tuesday, May 30th, 2023 |
In the dynamic landscape of India’s cut-throat competition, MSME or small businesses play a significant role in driving economic growth and fostering entrepreneurship. However, the journey of these enterprises is not without challenges, especially when it comes to securing adequate funds for sustenance and growth. Recognizing this crucial need, the Indian government introduced the Pradhan…
Read moreHow to get a loan for MSME
Posted on Monday, May 29th, 2023 |
Starting and running a successful MSME (Micro, Small and Medium Enterprises) business requires more than just a great idea. A crucial component of long-term success is managing finances effectively. Adequate financing is essential for a MSME business to sustain operations, invest in growth and stay ahead of the competition. However, despite the best efforts, sometimes…
Read moreWhich is the best kind of loan for MSME?
Posted on Friday, December 23rd, 2022 |
Expanding your small-scale business or setting up a new one requires well-structured financial assistance. Business expansion involves hiring employees, setting up new franchises, increasing marketing efforts, offering new products & services and producing the existing ones in a bigger volume. All of this requires a regular flow of funds. This is where MSME loans enter…
Read moreMSME Guide: Which businesses fall under MSME, and which don’t. See full list!
Posted on Tuesday, December 6th, 2022 |
The MSME, or the micro, small and medium enterprises are considered the backbone of the Indian economy. The contribution of MSMEs in accelerating the economic growth of the nation has increased manifold in the last 5 years. In 2019-2020, the contribution of Indian MSMEs in the India’s GDP stood at a whopping 30 per cent….
Read moreA Guide to the MSMED Act in India
Posted on Friday, December 2nd, 2022 |
The MSME or Micro, Small, Medium Enterprises for long had demanded for a single comprehensive law which will ease the challenges for small businesses by easing rules and regulations. In addition, groups like the Abid Hussain Committee (1997) and the Study Group led by Dr. S.P. Gupta (2000) recommended creating a proper legal framework for…
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